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aniked [119]
2 years ago
11

A multistep income statement is useful to financial statement users because it ______. (Select all that apply.)

Business
1 answer:
Sidana [21]2 years ago
5 0

A multistep income statement is useful to financial statement users because it: Provides a much greater detail about an account than simple income statement.

<h3>What is a Statement?</h3>

A Statement is an expression of word or something either in verbal form or written form.

In a multi-step income, it provides a clearer detail about an account than an income statement.

Learn about Statement here:

brainly.com/question/540969

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Games such as “peek-a-boo” are important for infants because they help babies develop _____________.
Semmy [17]
The answer to this question is that the game peek a boo can develop the baby's a sense of object permanence. An object permanence is the concept in psychology that basically address the baby's development that shows that the baby understand and knows that an object exist even if they cannot feel or see it. Object permanence was being studied by Jean Piaget.
8 0
4 years ago
MC Qu. 97 K Company estimates that overhead costs for... K Company estimates that overhead costs for the next year will be $2,89
FromTheMoon [43]

Answer:

Allocated MOH= $220

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate=  (2,890,000 + 850,000) / 85,000

Predetermined manufacturing overhead rate= $44 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 44*5

Allocated MOH= $220

8 0
3 years ago
Match each term below with the description that fits it best. 1. Treasury stock 2. Issued capital stock 3. Outstanding capital s
saw5 [17]

Answer:

1) shares held by the issuer that is shares of Firm A held by Firm A

2) the amount of shares issued by the firm

3) the amount of shares which are circulating in the market (issued less treasury stock)

4) is the amount the governement angency in charge of regulations approved the firm to issue It cannot surpass this ammount without their permission being granted

5) shares at which a down payment has been made but, not paid in full by the potential stockholders

Explanation:

DISCLAMER:

As the options aren't given I define each concept

3 0
3 years ago
On January 1, 2012 Johnson Company issued bonds with a face value of $750,000. The bonds carry an interest rate of 8% payable ea
katrin [286]

Answer:

a.

January 1    Cash                                          720000 Dr

                   Discount on Bonds Payable    30000 Dr

                            Bonds Payable                        750000 Cr

b.

January 1    Cash                                          772500 Dr

                             Bonds Payable                        750000 Cr

                             Premium on Bonds Payable  22500 Cr

Explanation:

a.

When the bonds are issued at 96, this means that they are issued at 96% of the face value of the bond which is 750000 * 0.96 = 720000

So, the cash received from issuing the bonds is 720000. As the face value of the bonds is 750000 which will be recorded as bonds payable, the difference between the cash received and the face value is the discount amount which will be debited.

b.

When the bonds are issued at 103, this means that they are issued at 103% of the face value of the bond which is 750000 * 1.03 = 772500

So, the cash received from issuing the bonds is 772500. As the face value of the bonds is 750000 which will be recorded as bonds payable, the difference between the cash received and the face value is the premium amount which will be credited.

6 0
3 years ago
Ls help!!! will give branly!!!
Oksanka [162]
Because they need to do you have any knowledge of some sort
8 0
3 years ago
Read 2 more answers
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